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On 4/1/2003 11
57 PM heavy767 wrote:
Actually if you look at the deal in agregate it is far better than the UAL deal. Your retirement at UAL is gone, ours is untouched. The AA reserve system is superior and we are 83 hours not 89 like yours. As to the person who said the RJ''s are unlimited that is not quite accurate, there is a hull count ratio. AA owns 51 seats and up and all Capt. seat on 50 seat jets from here on in. Without a doubt this is a sandwich of questionable content. If you know what I mean.
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Heavy767,
You might need to do some more thoughtful comparison of the two deals. UA did not give up there retirement: their A fund multiplier is at 1.35 while ours is 1.25 and their B fund is 9% vs. 11% for ours. But keep in mind that because we will be paid lower than UA with this TA, the companies retirment contributions are also substantiallly reduced.
Looking at the movement in monthly max, both TA have similar movement...but they started at a higher monthly figure than we did. Also, our reserve max will be 88 hours with 11 days off vice 12.
This deal will be through 2009. Are you really living to fight another day? Which day will you decide to make a stand? What is your personal threshold?
This deal costs approximately 865M. Carty, said he''d need 890M in BK... He''s asking the lessors and vendors for a whopping 200M. Are you willing to take the hit for other stakeholders outside BK and let Carty continue to screw up this once proud airline because you''re so scared of what''s behind door #3?
This profession is what it is because people before you were willing to draw a line in the sand and stand up for what was right. There are never any guarantees and no endeavor in capitalism is without risk. But there is also no reward without risk. I feel that it is way past time to make a stand and let the chips fall where they fall.